DROPBOX, INC. (DBX): CTO Ali Dasdan reason not stated

Events in this filing

Item 5.02 as filed

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On October 28, 2026, the Company announced that Ali Dasdan, Chief Technology Officer of Dropbox, will step down from the Company effective on November 18, 2026. In connection with his departure, Mr. Dasdan will be entitled to severance benefits under his previously disclosed change in control and severance agreement. In addition, pursuant to the separation agreement (the “Separation Agreement “) entered into between the Company and Mr. Dasdan, Mr. Dasdan will receive a pro rata bonus equal to $515,000 as well as a lump sum cash payment equal to approximately $1.3 million, as well as certain additional benefits consistent with those received by other departing employees.
The foregoing summary of the Separation Agreement is qualified in its entirety by the full text of the Separation Agreement, which will be filed as an exhibit to a subsequent periodic report filed with the SEC.
Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements within the meaning of United States federal securities laws, including, among other things, our expectations regarding future events, our business, market opportunities, our leadership team and expected transitions. Words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “plans,” and similar expressions are intended to identify forward-looking statements. These forward-looking statements include statements regarding the expected costs of the reduction of our global workforce and the timing of such costs. These forward-looking statements are subject to risks, uncertainties, and assumptions, including, among other things, the risk that the costs and charges relating to the reduction of our global workforce may be greater than anticipated or be incurred on a different time frame. Further information on risks that cause actual results to vary from expectations is included in our filings with the SEC, including our Form 10-K for the year ended December 31, 2025 and other reports that we may file with the SEC from time to time. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Dropbox assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release, except as required by applicable law. Additionally, the financial measures presented herein are preliminary, subject to final review, and are subject to risks and uncertainties, including, among others, changes in connection with quarter-end adjustments.